Sweet Auburn Mixed-Use Opportunity
Premier Mixed-Use Investment in Atlanta's Dynamic Sweet Auburn Downtown Neighborhood
Marketing description
Presenting a distinguished investment opportunity at 327-329 Edgewood Avenue, a prime, mixed-use asset strategically positioned within Atlanta's burgeoning downtown core. This property encompasses over ~ 12,000 gross square feet, featuring a substantial ground-level restaurant tenancy, currently occupied by Slush Bar and Restaurant, providing a stable income stream. Above, the asset comprises two bi-level residential condominium units, each configured as a two-bedroom, two-and-a-half-bathroom layout, demonstrating consistent full occupancy. While a Horizontal Property Regime (HPR) is not currently in place, the property's configuration lends itself favorably to the establishment of such a regime, allowing for the potential individual disposition of the condominium components, thereby unlocking significant value enhancement. This offering represents a rare opportunity to acquire a strategically located, income-producing asset within a rapidly appreciating market.
*** Please note that all units are currently tenanted. Direct engagement with tenants is strictly prohibited. Showings are available with a minimum of 48 hours' advance notice. This offering pertains to the real property only; the restaurant business is explicitly excluded. ***
Investment highlights
Prime Downtown Location: Strategically situated in Atlanta's burgeoning Edgewood Avenue corridor, benefiting from high foot traffic and proximity to key amenities.
Stable Income Stream: Existing ground-floor restaurant tenancy provides consistent cash flow.
Value-Add Potential: Opportunity to establish an HPR and individually sell the bi-level condominium units.
Full Occupancy: Residential units maintain consistent full occupancy, demonstrating strong tenant demand.
Significant Square Footage: Over 12,000 gross square feet, offering substantial scale and flexibility.
Bi-Level Condominium Design: Unique residential layouts enhance marketability and tenant appeal.
Rapidly Appreciating Market: Positioned in a highly desirable and rapidly developing area of Atlanta.
Exclusion of Business: Real estate asset only, providing a pure property investment.
Established tenancy: Restaurant provides a strong anchor for the property.
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